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Any thoughts on Anglos average realised FOB price it seems to be really high
Resilient financial performance:
Average realised ((((FOB EXPORT PRICE OF US$113)))) per wet metric tonne, 13% above benchmark price
Cost savings of R1.1 billion, R5.2 billion saved since 2018
Resilient adjusted EBITDA margin of 50%, down from 63%
Closing net cash of R9.3 billion
https://www.angloamericankumba.com/investors/financial-results-centre
Primero Awarded FMG Queens Project Sub-Contract
https://primero.com.au/primero-awarded-fmg-queens-project-sub-contract/
Primero Group
Design | Construct | Operate
looks to be likely to become the contractors for our Han**** project
https://www.linkedin.com/company/primerogroup/
That's right Norm I guess it's the simplicity and its favourable economics that makes Han**** so attractive, Rod clearly sees this which is why he has committed himself by making Han**** his number one priority.
Why was Han**** chosen as its flagship project?
"well I guess it comes down to simplicity what these small companies represent is that you get an opportunity to achieve a single outcome, you get one shot at these things generally if you get your timing right, your commodity price, the cycle that your in, the jurisdiction, your permitting, your exploration, if all these things line up then what comes from that is a production profile here that is capable to run for potentially a couple of generations"
The timing is just right as economies around the world will look to increase infrastructure spending in order to boost growth, and not to mention the reawakening of sleeping giant China, demand for Iron ore will increase in an already tight market.
Iron price +
Jurisdiction +
The cycle+
Permitting (pending)
Exploration+
As I've mentioned a while back Rod is aware of the factors at play and how these influence the markets as a whole which is why those missing pieces will fall into place as time progresses and markets transition in favour of Base/Prescious metals as it did in 2020 except only for a much more extended period of time due to domestic policies involving self-sustenance in green energy .....
Hi all just listened to the interview and I must admit that Rod gives a sense of assurance, no ifs buts or maybe's there is a definite plan of action and strategy that he wants to implement over the long term which is to bring Han**** into production.
He was asked why did he invest so heavily?
he chuckled and said
" I guess the simple answer to that is that Iron is a fairly simple proposition,you dont need any upgrading, the infrastructure is already in place, we dont have to build our own ports, processing etc, this is a Direct shipping material. But I guess what really got me excited about Han**** was that I flew over the license
in a helicopter from one end to the other and one of the thingsthat became apparent very quickly was these resources are in my mind only a small part of the overall picture and is something that will continue to grow grow and grow"
The transition from explorer to producer of high grade DSO will be worth the wait as he said we may have a minelife that can span "generations" so its no suprise hes invested such a large amount of money since his arrival.
The EH munni munni is a whole different story where i cant even begin to imagine the magnitude of these deposits, Rod said " my personal view that this project can get very large very fast with just one or two more holes"
All very positive indeed.
Waiting for knac to give the green light mate……..
“SoMeTHinG NoT rIGhT” sounds like a broken record give it a rest.
I dont see whats boring he is simply updating shareholders on the iron ore price which is very relevant,thanks max keep it up.
Il tell you what Norm if we get to 5p il be opening the gates at EH myself LOL
Here ive done us all a favour cannot compare apple with oranges…
Bluejay Dundas
US$245M estimated capital expenditure ('CapEx') inclusive of mining, processing, storage of dried finished product and a near shore direct ship loading facility.
Alien metals
Capex $30 million
OPEX $60/t
LWHL you do raise some fair points and offcourse we have to acknowledge certain risks ,however could you ellaborate on the “low capex” for Dundas please,thanks in advance.
Looks like strong support here, the only reason we dropped below was to accomodate ARV selling down.
As I said were a totally different animal in comparison to bluejay where we are concentrating on near term production of high grade DSO in a tier one jurisdiction with a tiny capex and a simple mining operation requiring no processing at all.
Yes the Bod now must earn their money as they’ve already treated themselves to a great deal of shares and as smiller says they will want a return on their investment.
People trying to make a link between the two going on about death spiral debt nonsense is bizarre as the 5million can so easily be obtained traditionally by loan or a even a simple placing on the ASX if we apply, I believe there is a huge market there that are eager to snap a up a very profitable low cost producer of high grade DSO.
Dipped in at 0.7 looking good so far
Norm are you in twitter by any chance?
Sorry for Jay holders… on the other hand we are operating in tier one jurisdiction and we are focusing on near term production of high grade DSO this is a different animal all together.
https://www.alienmetals.uk/wp-content/uploads/2301-IOCA-Focus-Rev-C-2.pdf
page 6 look around us, no reason why we shouldn’t get the green light also.
Thats how I will be feeling when this deal drops LOOOL
https://twitter.com/PriapusIQ/status/1624698069919858688
Those are great tunes